Provide financial protection for your loved ones for Life!

Financial protection is amongst the best legacies you can leave for your family.  Living life without you can be a big challenge. That’s why our Protection Plan is designed to provide financial security for your loved ones from today and into the future.

At ARMLife Assurance, we understand your desire to meet the needs of your loved ones. Our Protection Plan secures the future of your loved ones by providing financial protection when death occurs.

Protection Plan is one of the best ways to secure their future and help them live a comfortable life. 

Secure their future today with Protection Benefit Plan!

Why do I need this Plan?

This Plan is needed because it can help you safeguard the ones that you love in so many ways.

• Payment of school fees
• Settlement of debts
• Payment of mortgage
• Everyday Expenses
• Provision of retirement income

Protection Benefit Plan guarantees financial security to the dependants of a policyholder in the case of his demise. The benefit is determined at the inception of the policy for a specified number of years and is paid to a named beneficiary or beneficiaries in the event of death  of the policyholder  during the duration of the Plan. 

Types of Protection  Plan

There are two variants of this Plan:

Term Protection  Plan: This Plan is for a defined period only. e.g. 5 years, 10 years, 20 years etc. It is a “Pay-As-You-Go” cover and it is considerably cheap because you get nothing back if the protected risks do not crystalise during the ‘term’.

Permanent (Whole) Protection  Plan: Though the premium payment is for a defined period, the policyholder continues to enjoy the protection permanently (for a lifetime). The Permanent Protection Benefit Plan can be used as a loan collateral. 

Product Architecture:

• Minimum Entry Age : 18 years
• Maximum Entry age : 70 years
• Minimum Tenure: 1 year

You can purchase cover up to N 10 million without having to undergo a medical examination subject to your qualifying the company’s defined criteria.

• Your medical examination is absolutely free
• The premium remains fixed for the duration of the policy.
• You can offset your premium against your tax liability up to the prescribed regulatory limit.
• Your cash benefits will not be subjected to tax
• Protection Plan can be purchased as an Individual :You can make your premium payments  monthly, quarterly, half yearly, yearly

Life Cover - This feature will pay out to a named beneficiary, the cash benefit upon the death of the policyholder.

With our disability feature, we will pay to you in your lifetime, 100% of the base sum assured in the event that you suffer total permanent disability.

Critical Illness – We will pay out to you, 100% of the base sum assured in a situation where you suffer from a critical illness.